FAQ

 

How can we help?

There are a huge range of banks, building societies and they all offer different products, pricing and lending criteria. With this, finding the best finance product for your circumstances can be very much time consuming and stressful. Knowing which financial product or lender to choose can be complicated. In addition you’ll want to be sure that your chosen lender will actually approve your application. User's experience has shown that without expert knowledge the whole process can be complicated, confusing and stressful. Finance buddy helps reduce the stress and take the hassle out of the whole process to simply help you find the best finance product for you.

  • Finance Buddy and its partners search the whole market for finance products.
  • Finance Buddy finds the right finance product for your circumstances.
  • Finance Buddy helps give you the chance of your application being approved.
  • We save you time and money.

 

With so many financial products, which is best suited for me?

Loans

Typically loans are offered for a variable term. This means you can decide how long you want to pay back the loan. Loans are usually offered at a fixed rate of interest. A loan can be used for almost any purpose but they are mainly used for debt consolidation, home improvements, car purchases and holidays.

Unsecured personal loans generally have the best rates (£5,000 - £25,000), but also have the narrowest lending criteria, so that only a minority of those who apply are approved, or receive the rate they applied for.

Secured personal loans are very similar to unsecured loans, but because the loan is secured against your property, you can often borrow greater amounts of money, up to £100,000 in some cases. Secured loans tend to be very popular for debt consolidation. They are also the best type of loans for homeowners who have been refused credit in the past, because additional security in the form of the property has been provided as part of the agreement.

What happens if I have been refused credit in the past?

No-one wants to admit to having been refused credit but in fact it is something that is a lot more widespread than you may think.

Fortunately, there are a number of financial lenders that cater specifically for customers who have been refused credit, at rates that are much more favourable than many imagine. Wecan find you a lender that will approve your application and give best rates for your circumstances.

THINK CAREFULLY BEFORE SECURING OTHERS DEBTS AGAINST YOUR HOME.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

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